Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cass County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $249,502 | $136,017 | $242,182 |
| Price Trend (Annual %) | 12.7% | 5.0% | 8.2% |
| Median Gross Rent | $1,147 | $995 | $1,342 |
| Rent Trend (Annual %) | 3.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cass County is about 83% higher than in Missouri. Rent is about 15% higher than the Missouri average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Cass County, up about 12.7% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Cass County rose about 26.0% between 2015 and 2023, from $910 to $1,147. Over the same span, rent in Missouri rose about 33.6%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Cass County.
Buying the median-priced home in Cass County costs roughly 18.1 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cass County. The price-to-rent ratio in Missouri is about 11.4.
| Metric | Cass County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $249,502 | $136,017 | $242,182 |
| Median Household Income | $87,366 | $69,051 | $78,145 |
| Price-to-Income Ratio | 2.9 | 2.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Cass County rose about 198.0%, while median household income rose about 44.0% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Cass County | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.5% | 60.1% | 58.2% |
| Rental Rate | 22.7% | 28.4% | 31.3% |
| Vacancy Rate | 5.8% | 11.6% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Cass County has a homeownership rate of 71.5%, higher than the Missouri average of 60.1%. Its housing vacancy rate is 5.8%, compared with 11.6% in Missouri.
Housing Stock
| Metric | Cass County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.42 people | 2.54 people |
| Median Structure Built Year | 1988 | 1977 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in Cass County was built around 1988. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Cass County, Missouri.
What is the median home price in Cass County, Missouri?
The median home price in Cass County, Missouri is $249,502, higher than the Missouri average of $136,017.
What is the average home price in Cass County, Missouri?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Cass County, Missouri?
The median gross rent in Cass County, Missouri is $1,147 per month, higher than the Missouri average of $995.
What was the median gross rent in Cass County in 2020?
In 2020, the median gross rent in Cass County, Missouri was $975 per month.
What is the price-to-rent ratio in Cass County, Missouri?
The price-to-rent ratio in Cass County, Missouri is about 18.1, meaning it would take roughly 18.1 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Cass County.
Are home prices or rent rising faster in Cass County, Missouri?
Both home prices and rent are rising in Cass County, up about 12.7% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cass County, Missouri?
71.5% of households in Cass County, Missouri own their home, higher than the Missouri average of 60.1%.
What is the vacancy rate in Cass County, Missouri?
The housing vacancy rate in Cass County, Missouri is 5.8%, lower than the Missouri average of 11.6%.